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of <h1>Supreme Court upholds High Court's judgment, dismisses Special Leave Petition; all related applications disposed.</h1> <h3>ASST. COMMISSIONER OF INCOME TAX Versus SABH INFRASTRUCTURE LTD.</h3> The SC dismissed the Special Leave Petition, affirming the HC's judgment without interference. The decision resulted in the disposal of any pending ... Reopening of assessment - Reasons recorded for initiating proceedings u/s 148 - unexplained subscription to assessee's capital of assessee - as decided by HC [2017 (9) TMI 1589 - DELHI HIGH COURT] reasons to believe contained the names of the very same five companies which were initially disclosed by the Petitioner during the assessment proceedings. The number of shares subscribed to by the said companies is the same and the amount received has been disclosed by the Assessee. There is no new material which has been found or mentioned in the reasons to believe which were not contained in the information provided by the Assessee prior to the conclusion of assessment under Section 143 (3) - HELD THAT:- We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petition is dismissed. Heard the counsel, including the Additional Solicitor General. The Court stated: 'We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petition is dismissed.' The Special Leave Petition was thus dismissed on the merits for lack of interference with the High Court's decision. Pending application(s), if any, 'shall stand disposed of.' The order is interlocutory in form and records limited appellate scrutiny, affirming the High Court's ruling without detailed reasons on the merits in this order.
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